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Wall Street Journal spotlights CU's video-teller kiosks

CU/System

Raleigh, N.C.-based Coastal FCU's newest technology--remote video teller kiosks--was in the national spotlight Tuesday in an article in The Wall Street Journal about the latest "gizmos" that enable financial institutions to let their members and customers do-it-themselves. Read this story

CUNA joint testimony seeks patent rule tweaks

Washington

CUNA and and other financial services groups are largely supportive of the U.S. Patent Office's proposed patent law changes, but the patent proposal could also use some additional tweaks, Eliot D. Williams of Baker Botts L.L.P., testifying on behalf of the Financial Services Roundtable, will tell members of the U.S. Congress today. Read this story

WOCCU at IRS hearing: Adjust FATCA definitions

CU/System

During a hearing convened by the Internal Revenue Service Tuesday, the World Council of Credit Unions urged the agency to consider changes to its proposed Foreign Account Tax Compliance Act regulations that would reduce undue regulatory burdens on credit unions in other countries. Read this story

Consumer credit-score knowledge improves, says CFA

CU/System

During the past year, consumers' knowledge about credit scores improved significantly, with more awareness about who collects information on which most scores are based, the importance of checking this information, what good scores are, how to raise them and what service providers use these scores, according to a new study. Read this story

PCUA: Study on trust in local FIs an opportunity

CU/System

A Penn State University study that indicates consumers have more trust in local financial institutions may present an opportunity for credit unions. Read this story

Ohio CUs have 24% hike in MBL originations

CU/System

Ohio credit unions loaned out $133.2 million in member business lending originations during 2011, an increase of 27.3% from 2010's originations totaling $107.7 million, according to the Ohio Credit Union League. Read this story

Bill would extend NFIP to June 30

Washington

The National Flood Insurance Program would be extended until June 30 under legislation that is expected to be offered by Rep. Judy Biggert (R-Ill.) today. Read this story

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